Challenger Metro Bank has appointed Nova Everidge, an internal applicant, as its new director of asset finance.
Everidge will now succeed Mollett in the role, as he leaves Metro to join United Trust Bank (UTB) in a role that will see him lead its asset finance business and build out its SME lending proposition.
Harley Kagan, group managing director at United Trust Bank, said: “Nathan has an exceptional track record in the asset finance industry and his success in growing Metro Bank’s asset finance business is testament to his experience, business acumen and leadership skills.
“We are aiming to grow UTB’s asset finance lending considerably over the next few years and his knowledge and strong industry relationships will be hugely beneficial to the bank in helping us to meet the challenges ahead. I look forward to welcoming Nathan to the bank later this year.”
Metro Bank Asset Finance
Mollett joined Metro five years ago and has grown its asset finance loan book during this time with the business being featured in the top 5 fastest growing asset finance lenders 4 times in the last 5 years, according to the yearly AF50 report by the Asset Finance Policy.
Mollett described Everidge’s appointment in a social media post as: “A fantastic outcome for our colleagues, customers, and introducers. I can’t think of a better person to pass the baton over to.”
Everidge will report into Ian Walters, Metro Bank’s managing director, distribution, who sits on the Bank’s executive committee.
Before joining Metro Bank, Everidge looked after sales and operations at Aldermore, as well as spending time at Close Brothers, ING Lease UK and GE Capital European Equipment Finance.
Walters said: “This is a richly deserved promotion and Nova is well-known to our existing clients who I’m sure will join me in congratulating her.
“I’d like to thank Nathan for all that he has done to build our team in the last few years and wish him well for the next challenge.”
About his new role with UTB, Mollett said: “UTB’s asset finance business has a great reputation with brokers, strong foundations and a high-quality team. There is a real opportunity for them to win a larger share of the market in the short term and I’m looking forward to getting started.”
Mollett is not expected to join UTB until early January. He will also continue as the board director of The Leasing Foundation.